Meta Materials Announces Q4 and FY 2022 Results
Meta Materials Announces Q4 and FY 2022 Results
HALIFAX, NS / ACCESSWIRE / March 23, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced fourth quarter and FY 2022 results.
哈利法克斯, NS/接入線/2023 年 3 月 23 日/ 高性能功能材料和納米複合材料開發商元材料公司(「公司」或「元」)(NASDAQ:MMAT)(FSE:MMAT)今天宣布第四季度和 2022 財年度業績。
The complete Q4 and FY 2022 financial statements, updated risk factors, going concern discussion, summary of progress made on identifying and addressing remaining material weaknesses in META's internal controls and associated management discussion and analysis for the quarter and year ended December 31, 2022, are available on the Investors section of our website as well as on Nasdaq.com, or on the SEC EDGAR website at www.sec.gov.
截至 2022 年 12 月 31 日的季度和年度完整的 2022 財政年度和財政年度財務報表、更新的風險因素、正在關注的討論、識別和解決 META 內部控制和相關管理討論和分析中剩餘重大弱點的進展摘要,都可以在我們的網站以及 NASDAQ.com 或 SEC EDGAR 網站 www.sec.gov 上取得。
In Q4:22, total revenue was $1.4MM, compared to $2.3MM in Q4:21. FY 2022 revenue grew 150%, to $10.2MM, compared to $4.1MM in FY 2021. Total operating expenses were $24.8MM, vs. $18.9MM in Q4:21. FY 2022 operating expenses totaled $90.4MM, vs. $41.5MM in FY 2021. The Q4:22 net loss was $15.2MM, or 4c per share on 362.5 million weighted average shares and including a one-time gain of $4.0MM resulting from the deconsolidation of the Next Bridge Hydrocarbons, Inc. assets and liabilities and the recording of the net estimated collectible value of notes receivable of $2.2MM due from Next Bridge Hydrocarbons, Inc., compared to the Q4:21 net loss of $29.5MM, or 13c per share on 232.9 million weighted average shares. The FY 2022 net loss was $79.1MM or $0.24 per share on 328.3 million weighted average shares and including a one-time gain of $4.0MM resulting from the deconsolidation of the Next Bridge Hydrocarbons, Inc. assets and liabilities and the recording of the net estimated collectible value of notes receivable of $2.2MM due from Next Bridge Hydrocarbons, Inc. compared to a FY 2021 net loss of $91.0MM, or $0.39 per share on 232.9 million weighted average shares.
在第四季 4:22 中,總收入為 1.4 毫米,而第四季第四季則為 2.3 毫米。2022 財政年度的營收增長 150%,至 10.2 毫米,而 2021 財政年度則為 41 毫米。總營運開支為 24.8 毫米,相對於第四季第四季的 18.9 毫米。2022 財政年度的營運支出總額為 90.4 毫米,而 2021 財政年度則為 41.5 毫米。Q 4:22 淨虧損為 15.2MM 美元,或 3.62.5 百萬股加權平均股的每股 4C,包括從下一橋碳氫化合物股份有限公司資產和負債拆除而產生的一次性收益 4.0 毫米,以及記錄來自下一橋碳氫化合物 Q 公司應收票據的淨估計可收回價值 2.2 毫米,相較於 1329.21 美元或淨虧損 1329.21 美元。每股 2.232.9 百萬股加權平均股。2022 財政年度淨虧損為 3.830 萬股加權平均股份的 79.1MM 或每股 0.24 美元,其中包括由下一橋碳氫化合物股份有限公司資產和負債拆解而產生的一次性收益 4.0 毫米,與 2021 財政年度每股 1.039 美元或 0.09 美元的淨虧損相比,記錄應收票據淨值 2.2 毫米。加權平均股 2.29 億股。
On December 31, 2022, cash and cash equivalents totaled $11.8MM, including $1.7MM in restricted cash. In Q4:22, net cash used in operations totaled $13.7MM, and non-cash expenses were $7.8MM, including $3.9MM in depreciation and amortization and $3.4MM in stock-based compensation. In Q4:22, changes in working capital contributed $4.4MM and capital expenditures were $7.6MM. In FY 2022, net cash used in operations totaled $62.2MM.
2022 年 12 月 31 日,現金和現金等價物總額為 11.8 毫米,其中包括 1.7 毫米的受限現金。在問題 4:22 中,營運中使用的淨現金總額為 13.7 毫米,非現金支出為 7.8 毫米,其中包括折舊和攤銷 3.9 毫米和基於股票的補償 3.4 毫米。在問 4:22 中,營運資金的變化貢獻 4.4 毫米,資本支出為 7.6 毫米。在 2022 財政年度,用於營運的淨現金總額為 62.2 億美元。
META has identified factors that raise substantial doubt about the Company's ability to continue to operate as a going concern and to achieve compliance with NASDAQ continued listing requirements. META anticipates that it needs to implement expense reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern. META may pursue sources of additional capital through various financing transactions or arrangements, including the sale/leaseback of certain properties, joint venturing of projects, debt financing, equity financing, or other means. Meta may not be successful in identifying suitable financing transactions in the time period required or at all, and it may not obtain the capital it requires by other means.
META 已經確定了對公司繼續運營的能力以及實現符合納斯達克繼續上市要求的能力引起重大懷疑的因素。META 預計,它需要在其控制下實施降低開支措施,並立即籌集更多資金以擴大其產品的商業化,為其運營提供資金,進一步進一步研究和開發活動,並確保其可以繼續作為一個正在關注的問題運營。META 可以通過各種融資交易或安排來尋求額外資金來源,包括某些物業的銷售/租回,項目的合資企業,債務融資,股權融資或其他方式。Meta 可能無法在所需的時間段內或根本無法成功識別合適的融資交易,並且可能無法通過其他方式獲得所需的資金。
Future capital requirements may vary materially from period to period and will depend on many factors, including the timing and extent of spending on research and development efforts, and capital expenditures. On November 9, 2022, META filed a registration statement (the "Prospectus") no. 333-268282 on form S-3 allowing it to issue securities with aggregate offering price not to exceed $250 million. The Prospectus was declared effective by the SEC on November 18, 2022.
未來的資本需求可能因時期而異,並取決於許多因素,包括在研究和開發工作上的支出時間和程度以及資本支出。META 於 2022 年 11 月 9 日在 S-3 表上提交了註冊聲明(「招股章程」)第 333-268282 號,允許其發行總發行價不超過 2.5 億美元的證券。招股章程已於 2022 年 11 月 18 日由美國證券交易委員會宣佈生效。
On February 10, 2023, META entered into a sales agreement (the "ATM Agreement") with an investment bank with the establishment of an "at-the-market" offering program under which the Company may sell up to an aggregate of $100 million of shares of common stock (the "ATM Shares") from time to time. The sales agents are entitled to compensation at a fixed commission rate of 3.0% of the gross proceeds of each sale of shares of our common stock.
META 於 2023 年 2 月 10 日與一家投資銀行簽訂了銷售協議(「自動櫃員機協議」),並建立了「市場上」發行計劃,根據該計劃,公司可以不時出售合共 1 億美元的普通股股份(「ATM 股份」)。銷售代理有權以固定佣金率賠償,為每次出售本公司普通股股份所得款項總收益的 3.0%。
About Meta Materials Inc.
META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, high-performance, functional materials, components and systems. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Our nano-optic metamaterial technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Learn more at .
關於元材料
META 通過發明、設計、開發和製造可持續、高性能、功能性材料、組件和系統,在各種應用中提供以前無法實現的性能。我們廣泛的技術平台使全球領先品牌能夠為消費電子產品、5G 通訊、健康與保健、航太、汽車和清潔能源的客戶提供突破性產品。我們的奈米光纖超材料技術為政府文件和貨幣提供防偽安全功能,並為品牌提供身份驗證。我們的成就得到了廣泛認可,包括在 2021 年被評為 Lux 年度研究創新者。了解更多信息。
Media Inquiries
Rob Stone
Vice President, Corporate Development and Communications
Meta Materials Inc.
media@metamaterial.com
媒體諮詢
羅布·斯通
企業發展及傳播副總裁
元材料公司
media@metamaterial.com
Investor Contact
Mark Komonoski
Senior Vice President
Integrous Communications
Phone: 1-877-255-8483
Email: ir@metamaterial.com
投資者聯絡
马克·科蒙诺斯基
資深副總裁
智能通信
聯絡電話:
電郵地址:ir@metamaterial.com
META MATERIALS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
元材料公司
簡明綜合資產負債表
As of | As of | |||||||
December 31, 2022 | December 31, 2021 | |||||||
Assets |
||||||||
Current assets |
||||||||
Cash and cash equivalents |
$ | 10,090,858 | $ | 46,645,704 | ||||
Restricted cash |
1,720,613 | 788,768 | ||||||
Short-term investments |
- | 2,875,638 | ||||||
Grants receivable |
- | 175,780 | ||||||
Accounts and other receivables |
902,718 | 1,665,700 | ||||||
Notes receivable |
2,211,900 | - | ||||||
Inventory |
468,027 | 265,718 | ||||||
Prepaid expenses and other current assets |
7,202,099 | 3,451,367 | ||||||
Assets held for sale |
- | 75,500,000 | ||||||
Due from related parties |
8,461 | 10,657 | ||||||
Total current assets |
22,604,676 | 131,379,332 | ||||||
Intangible assets, net |
56,313,317 | 28,971,824 | ||||||
Property, plant and equipment, net |
42,674,699 | 27,018,114 | ||||||
Operating lease right-of-use assets |
5,576,824 | 6,278,547 | ||||||
Goodwill |
281,748,466 | 240,376,634 | ||||||
Total assets |
$ | 408,917,982 | $ | 434,024,451 | ||||
Liabilities and stockholders' equity |
||||||||
Current liabilities |
||||||||
Trade and other payables |
16,694,211 | 13,335,470 | ||||||
Current portion of long-term debt |
483,226 | 491,278 | ||||||
Current portion of deferred revenues |
730,501 | 779,732 | ||||||
Current portion of deferred government assistance |
799,490 | 846,612 | ||||||
Preferred stock liability |
- | 75,500,000 | ||||||
Current portion of operating lease liabilities |
967,126 | 663,861 | ||||||
Asset retirement obligations |
- | 21,937 | ||||||
Total current liabilities |
19,674,554 | 91,638,890 | ||||||
Deferred revenues |
479,808 | 637,008 | ||||||
Deferred government assistance |
319,017 | 3,038 | ||||||
Deferred tax liability |
3,253,985 | 324,479 | ||||||
Long-term operating lease liabilities |
3,375,031 | 3,706,774 | ||||||
Funding obligation |
180,705 | 268,976 | ||||||
Long-term debt |
3,070,729 | 2,737,171 | ||||||
Total liabilities |
30,353,829 | 99,316,336 | ||||||
Stockholders' equity |
||||||||
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 362,247,867 shares issued and outstanding at December 31, 2022, and $.001 par value; unlimited shares authorized, 284,573,316 shares issued and outstanding at December 31, 2021 |
340,425 | 262,751 | ||||||
Additional paid-in capital |
590,962,866 | 463,136,404 | ||||||
Accumulated other comprehensive income (loss) |
(5,242,810 | ) | (296,936 | ) | ||||
Accumulated deficit |
(207,496,328 | ) | (128,394,104 | ) | ||||
Total stockholders' equity |
378,564,153 | 334,708,115 | ||||||
Total liabilities and stockholders' equity |
$ | 408,917,982 | $ | 434,024,451 |
截至 | 截至 | |||||||
2022年12月31 日 | 2021年12月31 日 | |||||||
資產 |
||||||||
流動資產 |
||||||||
現金及現金等價物 |
$ | 10,090,858 | $ | 46,645,704 | ||||
受限制現金 |
1,720,613 | 788,768 | ||||||
短期投資 |
- | 2,875,638 | ||||||
應收贈款 |
- | 175,780 | ||||||
應收賬款及其他應收 |
902,718 | 1,665,700 | ||||||
應收票據 |
2,211,900 | - | ||||||
庫存 |
468,027 | 265,718 | ||||||
預付費用和其他流動資產 |
7,202,099 | 3,451,367 | ||||||
持有出售資產 |
- | 75,500,000 | ||||||
來自關聯方的到期 |
8,461 | 10,657 | ||||||
流動資產總額 |
22,604,676 | 131,379,332 | ||||||
無形資產,淨值 |
56,313,317 | 28,971,824 | ||||||
物業、廠房及設備,淨額 |
42,674,699 | 27,018,114 | ||||||
經營租賃使用權資產 |
5,576,824 | 6,278,547 | ||||||
善意 |
281,748,466 | 240,376,634 | ||||||
總資產 |
$ | 408,917,982 | $ | 434,024,451 | ||||
負債及股東權益 |
||||||||
流動負債 |
||||||||
貿易及其他應付款項 |
16,694,211 | 13,335,470 | ||||||
長期債務的流動部分 |
483,226 | 491,278 | ||||||
遞延收入的流動部分 |
730,501 | 779,732 | ||||||
延遲政府援助的當前部分 |
799,490 | 846,612 | ||||||
優先股責任 |
- | 75,500,000 | ||||||
經營租賃負債的流動部分 |
967,126 | 663,861 | ||||||
資產退休義務 |
- | 21,937 | ||||||
流動負債總額 |
19,674,554 | 91,638,890 | ||||||
遞延收入 |
479,808 | 637,008 | ||||||
延期政府援助 |
319,017 | 3,038 | ||||||
遞延所得稅負債 |
3,253,985 | 324,479 | ||||||
長期營運租賃負債 |
3,375,031 | 3,706,774 | ||||||
資金義務 |
180,705 | 268,976 | ||||||
長期債務 |
3,070,729 | 2,737,171 | ||||||
負債總額 |
30,353,829 | 99,316,336 | ||||||
股東權益 |
||||||||
普通股 — 面值 0.001 美元;授權百萬股,於 2022 年 12 月 31 日已發行並流通 362,247,867 股,票面價值 001 美元;授權無限股,於二零二一年十二月三十一日已發行並流通 284,573,316 股 |
340,425 | 262,751 | ||||||
額外實收資本 |
590,962,866 | 463,136,404 | ||||||
累積其他綜合收益(虧損) |
(5,242,810 | ) | (296,936 | ) | ||||
累計赤字 |
(207,496,328 | ) | (128,394,104 | ) | ||||
股東權益總額 |
378,564,153 | 334,708,115 | ||||||
負債及股東權益總額 |
$ | 408,917,982 | $ | 434,024,451 |
META MATERIALS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
元材料公司
簡明綜合營運報表及全面虧損
Three months ended | Year Ended | |||||||||||||||
December 31, | December 31, | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
Revenue |
||||||||||||||||
Product sales |
277,447 | 86,484 | 1,211,746 | 407,915 | ||||||||||||
Development revenue |
1,168,286 | 2,202,798 | 8,988,421 | 3,674,602 | ||||||||||||
Total Revenue |
1,445,733 | 2,289,282 | 10,200,167 | 4,082,517 | ||||||||||||
Cost of goods sold |
682,797 | 529,764 | 3,036,190 | 675,973 | ||||||||||||
Gross Profit |
762,936 | 1,759,518 | 7,163,977 | 3,406,544 | ||||||||||||
Operating Expenses |
||||||||||||||||
Selling & Marketing |
3,053,932 | 1,144,885 | 6,244,883 | 2,267,354 | ||||||||||||
General & Administrative |
15,801,181 | 13,483,954 | 61,543,282 | 29,699,602 | ||||||||||||
Research & Development |
5,944,871 | 4,266,606 | 22,640,495 | 9,497,427 | ||||||||||||
Total operating expenses |
24,799,984 | 18,895,445 | 90,428,660 | 41,464,383 | ||||||||||||
Loss from operations |
(24,037,048 | ) | (17,135,927 | ) | (83,264,683 | ) | (38,057,839 | ) | ||||||||
Other income (expense) |
||||||||||||||||
Interest expense, net |
266,460 | (12,612 | ) | (174,234 | ) | (1,106,445 | ) | |||||||||
Loss on foreign exchange, net |
992,508 | 564,660 | (2,054,447 | ) | (205,882 | ) | ||||||||||
Gain on deconsolidation of wholly-owned subsidiary |
3,990,737 | - | 3,990,737 | |||||||||||||
Loss on financial instruments, net |
- | - | (40,540,091 | ) | ||||||||||||
Other (loss) income, net |
(2,109,229 | ) | (13,612,192 | ) | (3,433,757 | ) | (11,939,067 | ) | ||||||||
Total other expense, net |
3,140,476 | (13,060,144 | ) | (1,671,701 | ) | (53,791,485 | ) | |||||||||
Loss before income taxes |
(20,896,572 | ) | (30,196,071 | ) | (84,936,384 | ) | (91,849,324 | ) | ||||||||
Income tax recovery |
5,686,967 | 665,880 | 5,834,160 | 852,063 | ||||||||||||
Net loss |
(15,209,605 | ) | (29,530,191 | ) | (79,102,224 | ) | (90,997,261 | ) | ||||||||
Other Comprehensive Income net of tax |
||||||||||||||||
Foreign currency translation (loss) gain |
1,619,280 | (303,902 | ) | (4,945,874 | ) | (321,663 | ) | |||||||||
Fair value gain on changes of own credit risk |
- | - | - | 680,611 | ||||||||||||
Total Other Comprehensive (Loss) Income |
1,619,280 | (303,902 | ) | (4,945,874 | ) | 358,948 | ||||||||||
Comprehensive loss |
(13,590,325 | ) | (29,834,093 | ) | (84,048,098 | ) | (90,638,313 | ) | ||||||||
Basic and diluted loss per share |
(0.04 | ) | (0.13 | ) | (0.24 | ) | (0.39 | ) | ||||||||
Weighted average number of shares outstanding - basic and diluted |
362,531,231 | 232,898,398 | 328,350,452 | 232,898,398 |
截至三個月 | 截至年度 | |||||||||||||||
12月31日 | 12月31日 | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
收入 |
||||||||||||||||
產品銷售 |
277,447 | 86,484 | 1,211,746 | 407,915 | ||||||||||||
開發收入 |
1,168,286 | 2,202,798 | 8,988,421 | 3,674,602 | ||||||||||||
總收入 |
1,445,733 | 2,289,282 | 10,200,167 | 4,082,517 | ||||||||||||
銷售商品成本 |
682,797 | 529,764 | 3,036,190 | 675,973 | ||||||||||||
毛利 |
762,936 | 1,759,518 | 7,163,977 | 3,406,544 | ||||||||||||
營運費用 |
||||||||||||||||
銷售與行銷 |
3,053,932 | 1,144,885 | 6,244,883 | 2,267,354 | ||||||||||||
一般及行政 |
15,801,181 | 13,483,954 | 61,543,282 | 29,699,602 | ||||||||||||
研究與發展 |
5,944,871 | 4,266,606 | 22,640,495 | 9,497,427 | ||||||||||||
營運支出總額 |
24,799,984 | 18,895,445 | 90,428,660 | 41,464,383 | ||||||||||||
營運造成的損失 |
(24,037,048 | ) | (17,135,927 | ) | (83,264,683 | ) | (38,057,839 | ) | ||||||||
其他收入(支出) |
||||||||||||||||
利息支出,淨額 |
266,460 | (12,612 | ) | (174,234 | ) | (1,106,445 | ) | |||||||||
外匯虧損,淨額 |
992,508 | 564,660 | (2,054,447 | ) | (205,882 | ) | ||||||||||
全資附屬公司拆解的收益 |
3,990,737 | - | 3,990,737 | |||||||||||||
金融工具虧損,淨值 |
- | - | (40,540,091 | ) | ||||||||||||
其他(虧損)收入,淨額 |
(2,109,229 | ) | (13,612,192 | ) | (3,433,757 | ) | (11,939,067 | ) | ||||||||
其他費用總額,淨額 |
3,140,476 | (13,060,144 | ) | (1,671,701 | ) | (53,791,485 | ) | |||||||||
所得稅前虧損 |
(20,896,572 | ) | (30,196,071 | ) | (84,936,384 | ) | (91,849,324 | ) | ||||||||
收回所得稅 |
5,686,967 | 665,880 | 5,834,160 | 852,063 | ||||||||||||
淨虧損 |
(15,209,605 | ) | (29,530,191 | ) | (79,102,224 | ) | (90,997,261 | ) | ||||||||
其他綜合收益稅後 |
||||||||||||||||
外幣換算(虧損)收益 |
1,619,280 | (303,902 | ) | (4,945,874 | ) | (321,663 | ) | |||||||||
本身信貸風險變化的公允價值收益 |
- | - | - | 680,611 | ||||||||||||
其他綜合(虧損)收入總額 |
1,619,280 | (303,902 | ) | (4,945,874 | ) | 358,948 | ||||||||||
綜合損失 |
(13,590,325 | ) | (29,834,093 | ) | (84,048,098 | ) | (90,638,313 | ) | ||||||||
每股基本及攤薄虧損 |
(0.04 | ) | (0.13 | ) | (0.24 | ) | (0.39 | ) | ||||||||
加權平均流通股數-基本及攤薄 |
362,531,231 | 232,898,398 | 328,350,452 | 232,898,398 |
META MATERIALS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
元材料公司
簡明綜合現金流量表
Year ended December 31, | ||||||||
2022 | 2021 | |||||||
$ | $ | |||||||
Cash flows from operating activities: |
||||||||
Net loss |
(79,102,224 | ) | (90,997,261 | ) | ||||
Adjustments to reconcile net loss to net cash used in operating activities: |
||||||||
Non-cash finance income |
(135,524 | ) | (471,689 | ) | ||||
Non-cash interest expense |
403,317 | 902,940 | ||||||
Non-cash lease expense |
1,608,992 | 439,791 | ||||||
Deferred income tax |
(5,834,160 | ) | (852,063 | ) | ||||
Depreciation and amortization |
9,272,074 | 3,491,493 | ||||||
Impairment of assets |
108,004 | 237,013 | ||||||
Unrealized foreign currency exchange loss |
2,050,029 | 407,352 | ||||||
Loss on financial instruments, net |
- | 40,540,091 | ||||||
Gain on deconsolidation of wholly-owned subsidiary |
(3,990,737 | ) | ||||||
Change in deferred revenue |
(129,679 | ) | (679,541 | ) | ||||
Non-cash government assistance |
(3,047 | ) | (544,932 | ) | ||||
Gain on sale of assets |
(783 | ) | - | |||||
Loss on debt settlement |
- | 19,253 | ||||||
Stock-based compensation |
13,184,396 | 1,576,849 | ||||||
Non-cash consulting expense |
677,638 | 6,513,378 | ||||||
Changes in operating assets and liabilities |
(353,090 | ) | 4,652,415 | |||||
Net cash used in operating activities |
(62,244,794 | ) | (34,764,911 | ) | ||||
Cash flows from investing activities |
||||||||
Purchases of intangible assets |
- | (1,133,894 | ) | |||||
Purchases of property, plant and equipment |
(19,587,511 | ) | (11,655,417 | ) | ||||
Proceeds from sale of property, plant and equipment |
39,140 | - | ||||||
Proceeds from (Purchases of) short-term investments |
2,811,152 | (2,889,852 | ) | |||||
Proceeds from below-market capital government loan |
1,071,862 | - | ||||||
Acquisition of business, net of cash acquired |
(3,486,906 | ) | (66,131,025 | ) | ||||
Loan advance pursuant to deconsolidation |
(319,987 | ) | - | |||||
Proceeds from reverse takeover |
- | 146,954,733 | ||||||
Net cash provided by (used in) investing activities |
(19,472,250 | ) | 65,144,545 | |||||
Cash flows from financing activities |
||||||||
Proceeds from long-term debt |
- | 1,127,151 | ||||||
Proceeds from the issuance of common stock and warrants |
50,000,000 | - | ||||||
Stock issuance costs paid on the issuance of common stock and warrants |
(3,680,666 | ) | - | |||||
Repayments of long-term debt |
(552,579 | ) | (1,090,047 | ) | ||||
Proceeds from government grants |
- | 223,384 | ||||||
Proceeds from unsecured promissory notes |
- | 13,963,386 | ||||||
Proceeds from stock option exercises |
448,711 | 1,293,263 | ||||||
Repurchases of common stock for income tax withheld upon settlement of restricted stock units |
(18,027 | ) | - | |||||
Proceeds from warrant exercises |
169,574 | 138,726 | ||||||
Net cash provided by financing activities |
46,367,013 | 15,655,863 | ||||||
Net (decrease) increase in cash, cash equivalents and restricted cash |
(35,350,031 | ) | 46,035,497 | |||||
Cash, cash equivalents and restricted cash at beginning of the period |
47,434,472 | 1,395,683 | ||||||
Effects of exchange rate changes on cash, cash equivalents and restricted cash |
(272,970 | ) | 3,292 | |||||
Cash, cash equivalents and restricted cash at end of the period |
11,811,471 | 47,434,472 | ||||||
Supplemental cash flow information |
||||||||
Accrued purchases of property, equipment, and patents |
2,270,887 | 1,692,969 | ||||||
Right-of-use assets obtained in exchange for lease liabilities |
288,499 | 3,590,148 | ||||||
Right-of-use assets and prepaid expenses recognized in exchange for common stock |
2,149,381 | |||||||
Settlement of liabilities in common stock |
- | 51,992,451 | ||||||
Beneficial conversion feature on convertible debt |
- | 64,528 |
截至 12 月 31 日止年度, | ||||||||
2022 | 2021 | |||||||
$ | $ | |||||||
經營活動產生的現金流量: |
||||||||
淨虧損 |
(79,102,224 | ) | (90,997,261 | ) | ||||
調節淨虧損與營運作業中使用的淨現金的調整: |
||||||||
非現金融資收入 |
(135,524 | ) | (471,689 | ) | ||||
非現金利息支出 |
403,317 | 902,940 | ||||||
非現金租賃費用 |
1,608,992 | 439,791 | ||||||
遞延所得稅 |
(5,834,160 | ) | (852,063 | ) | ||||
折舊及攤銷 |
9,272,074 | 3,491,493 | ||||||
資產減值 |
108,004 | 237,013 | ||||||
未實現外幣兌換虧損 |
2,050,029 | 407,352 | ||||||
金融工具虧損,淨值 |
- | 40,540,091 | ||||||
全資附屬公司拆解的收益 |
(3,990,737 | ) | ||||||
遞延收入的變更 |
(129,679 | ) | (679,541 | ) | ||||
非現金政府援助 |
(3,047 | ) | (544,932 | ) | ||||
出售資產收益 |
(783 | ) | - | |||||
債務結算損失 |
- | 19,253 | ||||||
股票補償 |
13,184,396 | 1,576,849 | ||||||
非現金諮詢費 |
677,638 | 6,513,378 | ||||||
營運資產及負債的變動 |
(353,090 | ) | 4,652,415 | |||||
經營活動使用的現金淨額 |
(62,244,794 | ) | (34,764,911 | ) | ||||
投資活動產生的現金流量 |
||||||||
購買無形資產 |
- | (1,133,894 | ) | |||||
購買物業、廠房及設備 |
(19,587,511 | ) | (11,655,417 | ) | ||||
出售物業、廠房及設備所得 |
39,140 | - | ||||||
來自(購買)短期投資的收益 |
2,811,152 | (2,889,852 | ) | |||||
市場以下資本政府貸款所得 |
1,071,862 | - | ||||||
收購業務,扣除收購現金 |
(3,486,906 | ) | (66,131,025 | ) | ||||
根據分拆提供貸款 |
(319,987 | ) | - | |||||
反向收購所得 |
- | 146,954,733 | ||||||
投資活動提供(所用)現金淨額 |
(19,472,250 | ) | 65,144,545 | |||||
融資活動產生的現金流 |
||||||||
長期債務所得 |
- | 1,127,151 | ||||||
發行普通股及認股權證所得 |
50,000,000 | - | ||||||
發行普通股及認股權證所支付的股票發行成本 |
(3,680,666 | ) | - | |||||
償還長期債務 |
(552,579 | ) | (1,090,047 | ) | ||||
政府撥款所得 |
- | 223,384 | ||||||
來自無抵押本票的收益 |
- | 13,963,386 | ||||||
股票期權行使的收益 |
448,711 | 1,293,263 | ||||||
回購普通股以作為受限制股票單位結算時扣繳的所得稅 |
(18,027 | ) | - | |||||
認股證行使所得 |
169,574 | 138,726 | ||||||
融資活動提供的現金淨額 |
46,367,013 | 15,655,863 | ||||||
現金、等同現金及受限現金的淨(減少)增加 |
(35,350,031 | ) | 46,035,497 | |||||
期初現金、現金等價物及受限制現金 |
47,434,472 | 1,395,683 | ||||||
匯率變動對現金、等同現金及受限制現金的影響 |
(272,970 | ) | 3,292 | |||||
期末現金、現金等價物及受限制現金 |
11,811,471 | 47,434,472 | ||||||
補充現金流量資訊 |
||||||||
財產,設備和專利的應計購買 |
2,270,887 | 1,692,969 | ||||||
為換取租賃負債而獲得的使用權資產 |
288,499 | 3,590,148 | ||||||
為換取普通股而確認的使用權資產和預付費用 |
2,149,381 | |||||||
普通股負債的和解 |
- | 51,992,451 | ||||||
可轉換債務的有益轉換功能 |
- | 64,528 |
Forward-Looking Information
This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the reduction in expenses, the ability of the Company to meet its capital needs, the business strategies, product development, expansion plans and operational activities of the Company. Often, but not always, forward-looking information can be identified by the use of words such as "pursuing", "potential", "predicts", "projects", "seeks", "plans", "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the total available market and market potential of the products of the Company, the market position of the Company, the need to raise more capital and the ability to do so, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-K filed with the SEC on March 23, 2023, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law.
前瞻性資訊
本新聞稿包括《1933 年證券法》第 27A 條所指的加拿大證券法所指的前瞻性資訊或陳述,修訂後的 1934 年證券交易法第 21E 條,以及 1995 年《私人證券訴訟改革法》,其中可能包括但不限於有關降低資本費用的能力的聲明、符合公司的資本需求業務策略,產品開發,擴展計劃和本公司的營運活動。通常,但並非總是可以通過使用諸如「追求」,「潛力」,「預測」,「項目」,「尋求」,「計劃」,「期望」,「意圖」,「預期」,「相信」或變化(包括負面變化)等詞語和短語來識別前瞻性信息,或某些行動,「意圖」,「預期」,「相信」或變化(包括負面變化),或某些行動,事件或結果的陳述,「可能」「會」或「將」被採取,發生或實現。該等聲明乃根據本公司管理層目前對未來事件的預期及觀點,並以假設為基礎,並須承受風險及不明朗因素所影響。儘管公司的管理層認為這些陳述的基礎假設是合理的,但它們可能被證明是不正確的。本新聞稿中討論的前瞻性事件和情況可能不會發生,並且可能因為影響公司的已知和未知風險因素和不確定性,我們的設備能力和擴展性,公司的研發項目,以及公司產品的總可用市場和市場潛力,公司的市場地位,需要提高資本和可擴展性的能力,從而提高公司的資本可擴展性和可擴展性能力,新客戶的能力參與,材料選擇計劃的時間表,降低生產成本,增強超材料製造能力和擴展市場覆蓋率到新的應用和行業的能力,加快商業化計劃的能力,新客戶合同的可能性,我們的員工的持續參與,技術行業,市場戰略和運營活動以及管理層的管理和運營業務的能力。有關這些風險和可能影響公司業務的其他風險的更多詳細信息在「前瞻性信息」標題下描述,在公司於 2023 年 3 月 23 日向 SEC 提交的 10-K 表格中,以及 Meta 材料向 SEC 提交的後續文件中,可在 SEC 網站 www.sec.gov 上獲取。儘管本公司試圖找出可能導致實際行動、事件或結果的重要因素與前瞻性陳述中描述的重要因素有很大差異,但可能還有其他因素導致行動、事件或結果與預期、估計或預期的不同。因此,讀者不應過度依賴任何前瞻性陳述或資料。沒有前瞻性陳述可以得到保證。除了適用的證券法律要求外,前瞻性陳述僅在其發表之日起發言,除法律要求的範圍外,公司不承擔任何義務公開更新或修改任何前瞻性聲明,無論是由於新資訊、未來事件或其他原因而引起的。
SOURCE: Meta Materials Inc.
來源: 元材料公司
譯文內容由第三人軟體翻譯。